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why loss is posted on asset side in balance sheet?
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Answer / libin kulamuttom
Capital is a liability.As loss
reduses owner's capital
we can either deduct the loss
from the capital a/c in
liability side or post it on the
asset side of a balace sheet.
Both have same effect.
| Is This Answer Correct ? | 14 Yes | 4 No |
Answer / megha gera
because all losses is adjust from our assets
| Is This Answer Correct ? | 2 Yes | 0 No |
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